Global Banking Corporation establishes new subsidiary

MANAMA — Global Banking Corporation announced yesterday the establishment of a subsidiary operation focusing exclusively on the fast-growing energy sector.

By A Staff Reporter

  • Follow us on
  • google-news
  • whatsapp
  • telegram

Published: Sun 11 May 2008, 9:50 AM

Last updated: Sun 5 Apr 2015, 1:32 PM

The new subsidiary will be established as an energy advisory company offering a full range of industry-related advisory services to GBCORP’s projects, identifying and capitalising on investment opportunities in the oil & gas and power sectors. To achieve this objective GBCORP has entered into a strategic partnership with leading energy industry specialists, Washington DC based investment banking firm Taylor-DeJongh (TDJ). Ahmed Al Khan, Head of Investment Banking at GBCORP, highlighted the growth in global demand for energy and the opportunity for a specialised entity run by industry experts to help execute GBCORP’s projects across the hydrocarbon value chain — from upstream oil exploration and production to natural gas, refining, petrochemicals, marketing of refined products and power generation.

“This strategic partnership with industry leader Taylor-DeJongh is the first step in building a comprehensive portfolio of Shariah-compliant services. This partnership brings together many decades of industry expertise to identify, analyse, assess, execute and package GBCORP’s projects in the energy sector, broadening our product offering in a well balanced manner.” said Al Khan

Taylor-DeJongh (TDJ) is an independent investment banking firm focused on providing creative, objective capital solutions to its energy, oil and gas, metals and mining and infrastructure clients globally.

Terry Newendorp, Chairman and CEO of Taylor-DeJongh, stated, “Our strategic partnership with GBCORP builds on the existing relationship between our two institutions. Taylor-DeJongh’s 25-year track record in successfully structuring and closing transactions all over the world will help in creating and capturing value at a point when the energy sector offers many opportunities for experienced and knowledgeable industry experts.”

More news from